China Imports 6.85 mln t of Ni Laterite in October
27/11/19 | Nickel
Shanghai Nonferrous Metals News SMM: China imported 6.85 mln t of nickel laterite in October, down 23.2% or 2.07 mln t m-o-m but up 25.8% y-o-y. Of the total, 3.11 mln t was from Indonesia, down 6.2% m-o-m but up 130% y-o-y. Nickel laterite imports from the Philippines dropped by…
Jinchuan WP Sells 2.2 mln t of Ni Laterite in 2019
25/11/19 | Nickel
China Nonferrous Metals News 19th November: Jinchuan WP has exported 39 shipments totaling 2.2 mln t of nickel laterite, completing its annual sales target 40 days ahead of schedule. Jinchuan WP’s nickel laterite mines officially started operation in November 2017. in 2018 and 2019, Jinchuan WP received 2.2 mln t…
China’s NPI Production in Decline
14/11/19 | Nickel
Shanghai Nonferrous Metals News China’s NPI output dropped by 0.64% on-month but was up by 30.34% on-year to 52.4 kt (in Ni metal) during October. Most domestic NPI producers continued to operate as normal during October driven by relatively high margins. However, the overall monthly output dropped slightly as a…
Beihai Chengde Settles Ni Laterite Deal with the Philippines CNC
11/11/19 | Nickel
Shanghai Nonferrous Metals News Guangxi Beihai Chengde and Carrascal Nickel Corporation of the Philippines (CNC) signed an agreement for nickel laterite procurement in 2020. By this move Beihai Chengde has been able to secure stable supply from the Philippines. Beihai Chengde, a stainless steel producer with 3 mtpy capacity, chiefly…
SMM: China Ni Laterite Imports at 73.5 mln t
31/10/19 | Nickel
Shanghai Nonferrous Metals News SMM: China’s 2019 nickel laterite imports are expected at 73.5 mln t, of this figure, more than 50% is from the Philippines, and more than 40% is from Indonesia. Indonesia’s NPI output is expected to grow by 35% y-o-y in 2019 and by 11% y-o-y in…
Tsingshan Group to Purchase Ni from LME
29/10/19 | Nickel
Shanghai Nonferrous Metals News 28 October, SMM: In anticipation of a shortfall in NPI supply at the beginning of 2020, China Tsingshan Group, the world’s largest stainless steel producer is currently seeking refined nickel supply from the market. This is the first time that Tsingshan Group has purchased a large…
MCC Restarts a NPI Smelter in Papua New Guinea
29/10/19 | Nickel
Alu News MCC (China Metallurgical Corporation of China) announced on Monday that its NPI smelters in Papua New Guinea had been restarted and had resumed normal operations after a short suspension. Last week, MCC received permission from the local government to restart the smelter with a gradual ramp up to…
High NPI Prices Stop Falling
25/10/19 | Nickel
Shanghai Nonferrous Metals News 24 October, SMM: Domestic high NPI prices stood at RMB 1,140~1,160/Ni unit, holding stable from the previous trade day. Domestic high NPI prices have been steady, propped by strong electrolytic nickel prices. Domestic NPI smelters are likely to hold firm on prices going forward, however, given…
SMM: China September NPI Output at 52.7 kt
15/10/19 | Nickel
Shanghai Nonferrous Metals News China produced 52.7kt of NPI (in Ni metal) in September down 0.79% m-o-m but up 27.59% y-o-y. Relatively high profit saw the majority of domestic NPI smelters operating normally during the month. During the National Day holiday period, restrictions of electricity supply in IM contracted local…
